Pingify Intl Inc Com (OTC:PGFY)

Statements By Pingify's CEO Omit Material Facts

PGFY reached an intra-day high of $1.72 on May 5, 2014. Since our note on May 6, 2014, the stock has been on a wild ride. In yesterday's trading session, shares touched $0.20 and closed at $0.35, down 56%. Shares fell in a response to a press release issued after the close on May 6, 2014 that the company’s CFO, Vlad Milutin, submitted a letter of resignation...

Please see remainder of report here.

San Jose, CA / ACCESSWIRE / May 6, 2014 / Pingify International, Inc. (PGFY) Chief Financial Officer and Director Vlad Milutin, submitted his resignation to company President Jason Gray today, in objection to a promotion campaign to artificially raise the price and trading volume of Pingify. According to Mr. Milutin, the promotion campaign, otherwise known as a pump and dump scheme, has significantly overinflated the value of Pingify shares, especially in the light of the company's current business position. Mr. Milutin commented, "The exposure of thousands of investors to great losses is too much for me to bear, and as a result, I have submitted my resignation. I myself have never owned a single share of the company and have never solicited anyone to become an investor. I urge the SEC and FINRA to investigate the trading of the shares in order to discover who the perpetrators of this scheme are."

Mr. Milutin's letter to Mr. Gray appears below.

Contact:

Vlad Milutin Vlad1Milutin@gmail.com

Jason Gray President Pingify, International, Inc. Suite 2020 (Scotia Place Tower 1) 10060 Jasper Ave. Edmonton, ALB T5J 1V9 Canada

By email to: Jason@Pingify.com

With copies to the SEC and FINRA Offices of the Whistleblower WhistleBlower@sec.gov, WhistleBlower@finra.org
Re: Resignation as Chief Financial Officer and Director of Pingify International, Inc.

Dear Jason:

I am greatly depressed by the recently commenced promotion campaign on Pingify stock. That the public could be conned into giving this company with no assets and limited prospects, upwards of a $75 million market cap is quite distressing to me. I am not aware of any contracts or other sources of revenue at this time and no assets on the books. That emails from Mike Statler of StockTips could paint such a rosy picture as to suggest these shares are worth $5.00 each, thereby giving the company a $250 million market cap, is ludicrous.
Obviously, one or more of the purchasers of S-1 shares @$.005 is behind this this effort to defraud the public, as they held all of the shares of the company not owned by you. As I did not recruit any of the shareholders, I am sorry that more effort was not done on your part to determine the honorable intentions of these seed shareholders. I call on the SEC and FINRA to investigate the trading of the shares of Pingify, International, Inc. and determine the people who are responsible for this pump and dump effort. As a consequence of my concerns, I am hereby submitting my resignation as CFO and Director of Pingify International, Inc., effective immediately.

Sincerely,

Vlad Milutin

Pingify Comments on Recent Press Release by CFO

EDMONTON, AB--(Marketwired - May 07, 2014) - Pingify International Inc. is an Edmonton, Alberta-based startup in the classified space. Pingify's patented technology enables users to receive information about classified listings directly on the mobile device via "Pings". Pingify is in the process of raising capital via an initial public offering in the OTCQB marketplace and reports to the SEC. (OTCQB: PGFY)

The President and director of Pingify International would like to address the press release dated May 7, 2014 by Vlad Milutin. In his press release he states that there are no contracts that he is aware within Pingify.

As per the S-1A filing with the SEC submitted in March 16, 2012 an agreement with Beyond.com was entered into on March 13,2012. As well, Pingify became an eBay partner and filed the completion of integration in the 10K for 2013. Currently, users are downloading our application that is available on the iTunes store and actively find results with eBay and Beyond.com.

All of these integrations and contracts have been properly disclosed with the SEC. Any investor can research the facts by going to www.sec.gov.

Also, the LOI agreement with 80 Elements was fully disclosed in SEC filings and a patent pending is also registered with the US patent office that provides for a considerable asset to the company.

We can not speculate on why Vlad Milutin would suggest that there are no contracts or integrations as he was privy to the S1 filing of March 16, 2012 which contains the information stated above.

Pingify Signs LOI With 80 Elements Entertainment

EDMONTON, AB--(Marketwired - May 07, 2014) - Pingify International Inc. is an Edmonton, Alberta-based startup in the classified space. Pingify's patented technology enables users to receive information about classified listings directly on the mobile device via "Pings". (OTCQB: PGFY)

Pingify signs letter of intent with 80 Elements Entertainment. This acquisition will provide Pingify with a solid development team and a new source of revenue.

80ELEMENTS specializes in creating dynamic driven web site platforms and applications that harness the power of today's media delivery technologies. With combined expertise in Art, UI Design, Web Development and Mobile Development, our team aims to produce the next generation of web applications over different media to emphasize the realization that the web is not just limited to the personal computer anymore.

"We see the 80 Elements acquisition as a strategic move that will lower development costs for Pingify while establishing a solid revenue stream. Boris Chow has managed to bring in high-profile clients like Warner Brothers with a small, dedicated team. By removing overhead duplications, we can increase production and margin," comments Jason Gray.

"We have the most efficient team we have ever had this year. So overhead is slightly lower," says Boris Chow, President of 80 Elements. "We are definitely on track to hit our revenue target by the end of 2014."

Disclosure: GeoInvesting is providing this information for your edification and in no way has any affiliation with any promoters and/or newsletters disseminating information on PGFY, nor is GeoInvesting being paid to post this information. At times, the GeoTeam may trade P&D's on a long or short basis, depending on how we feel the momentum of the stocks will be affected by the efforts of stock promoters and any ensuing dumps.

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